Dogecoin News Update: DOGE at $0.18—Will Major Holders Exit or Accumulate as Its Future Remains Unclear
- Dogecoin (DOGE) faces volatility as whale activity intensifies, with major holders offloading 440M tokens in 72 hours, pushing price to critical $0.18 support level. - Mid-tier whales aggressively trim positions while top-tier wallets (100M+ DOGE) quietly increase holdings, signaling redistribution of market control. - Technical analysts highlight $0.18 as pivotal: a breakdown risks further declines, while a rebound could trigger rallies toward $0.26-$0.33 or even $1.70. - Broader crypto trends show Ethe
Dogecoin (DOGE) is experiencing heightened price swings as large holders, or whales, ramp up their activity, unloading vast amounts of tokens in a brief period. Data from Santiment shows that wallets containing between 10 million and 100 million
This wave of selling has fueled discussions about whether whales are simply taking profits or signaling a shift in their overall approach. While mid-sized holders have been quick to reduce their exposure, the largest wallets—those holding more than 100 million DOGE—have quietly boosted their share from 19.28% to 19.46%, Blockonomi notes. This contrast points to a redistribution, with major players accumulating as smaller whales exit. At the same time, wallets with between 100,000 and 10 million DOGE have kept their holdings steady, maintaining a neutral position despite the market’s volatility, according to
Market technicians are paying close attention to the $0.18 mark, which has so far acted as a strong support despite recent selling. If DOGE falls below this threshold, it could open the door to deeper losses, but a solid bounce might pave the way for a move toward $0.26 or even $0.33, according to crypto analyst Ali Martinez. Martinez’s review highlights an upward channel pattern, indicating that DOGE could revisit previous peaks if buyers return. Blockonomi also references a forecast from Bitcoinsensus, which, based on historical trends, envisions DOGE potentially reaching $1.70 in a robust recovery.
Wider market dynamics add further layers to the story.
Market participants remain split on what the recent whale sell-off means. Some see it as a short-term setback, while others caution that ongoing distribution could hinder DOGE’s ability to rebound. The next few days will be pivotal in determining whether the $0.18 support holds or gives way, with trading volume and institutional buying activity serving as important signals, according to analysts at Crypto.news.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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